Today’s issue is brought to you by Safe — the world’s leading smart account provider on EVM, securing $100B+ in assets (including Vitalik’s).

👉 Join their Telegram for exclusive alpha!

Telegram | Twitter | Community

⌐◪-◪ → Vitalik finally talks about price.

Ethereum’s co-founder just addressed concerns about ETH’s price stagnation and the impact of Layer-2 (L2) networks on the ecosystem.

L2s have scaled Ethereum, but they’re disrupting ETH’s deflationary model and economic value, potentially costing the network billions. Vitalik proposes improving interoperability, security, and economics by having L2s burn or stake a portion of their fees. He insists Ethereum must scale without compromising its decentralized ethos, even as ETH’s price lags behind competitors.

I’m glad to see Vitalik acknowledge the challenges head-on. L2s are critical to Ethereum’s future, but the ecosystem must work together to align incentives and ensure ETH accrues value long-term. While the memes about ETH’s price sting, I think the fundamentals remain strong—now it’s about execution. Ethereum’s future is bright if the ecosystem can solve these growing pains.

⌐◪-◪ → Elon is putting the gov onchain.

Elon Musk’s Department of Government Efficiency (DOGE) is exploring blockchain tech to improve transparency and cut federal waste.

Musk is reportedly considering using public blockchains to track government spending, process payments, secure data, and even manage federal properties. While critics warn of implementation challenges, the plan could revolutionize government accountability. Musk’s vision echoes RFK Jr.’s proposal to put the U.S. budget on-chain, giving every citizen a front-row seat to federal spending.

This is a bold idea, and while the execution will be tough, the potential upside is massive. Blockchain could bring a new level of transparency and efficiency to government operations, cutting out corruption and waste. If Musk can pull this off, it would be a huge win for crypto’s use case in the real world. Let’s just hope DOGE doesn’t end up as a bloated government meme.

⌐◪-◪ → Is Trump removing capital gains on crypto?

Eric Trump hinted at eliminating capital gains tax for U.S.-based crypto projects while imposing a hefty 30% tax on foreign competitors.

The proposal aims to make the U.S. a global crypto hub by incentivizing investment in American projects like XRP and HBAR. At the same time, Sen. Ted Cruz is pushing to overturn the IRS’s new DeFi broker rule, which critics say stifles innovation and compromises privacy. Together, these moves could supercharge the U.S. crypto sector and attract global investment.

This is incredibly bullish for U.S.-based crypto projects, but the divide between domestic and foreign taxation could create friction. The push to simplify crypto tax rules and overturn harmful regulations like the DeFi broker rule is exactly what the industry needs. If these policies are enacted, we could see the U.S. cement its leadership in blockchain innovation.

Last but not least, CryptoPunks are technically a U.S.-based crypto project.

Join Our Community!

Designed to make you a better crypto investor, builder, and operator.

💬 Chat with Valko and other experts
📚 Access additional hand-curated resources
😊 Make friends, share memes, have fun